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Sandvik AB SAND

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Stock XSTO Rating as of
SEK 224.40 +3.30 (1.49%)
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As of Delayed Price Closed

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Restructuring Program to Help Protect Sandvik's Profitability Against Short-Term Revenue Weakness

Matthew Donen

The short-cycle nature of demand for Sandvik’s metal-cutting tools and mining equipment exposes the group to cyclical swings in industrial manufacturing and commodity prices. A combination of divestments and continuous focus on ways to improve operational efficiency has successfully created a more resilient and profitable business. However, restructuring programs are frequently required to protect profitability once macroeconomic conditions change.

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Price vs Fair Value

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SAND is trading within a range we consider fairly valued.
Price
SEK 224.40
Fair Value
SEK 648.00
Uncertainty
High
1-Star Price
SEK 543.60
5-Star Price
SEK 572.00
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Sandvik is able to utilize its leading market position and close relationships with customers to gain a greater share of wallet as it expands its product offering into faster-growing segments.

Bears

Sandvik's healthy balance sheet may see the group overpay for acquisitions to enhance the group's growth profile, given the structural headwinds of some of its end markets.

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News

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Trading Information

Previous Close Price
SEK 221.10
Day Range
SEK 220.80–227.00
52-Week Range
SEK 175.65–247.30
Bid/Ask
SEK 224.70 / SEK 224.80
Market Cap
SEK 281.48 Bil
Volume/Avg
1.3 Mil / 1.7 Mil

Key Statistics

Price/Earnings (Normalized)
18.58
Price/Sales
2.28
Dividend Yield (Trailing)
2.45%
Dividend Yield (Forward)
2.45%
Total Yield
2.54%

Company Profile

Sandvik is a manufacturer of specialized tools and mining equipment used predominantly by global mining, engineering, and automotive customers. The company’s core operations are in metal cutting and mining equipment. The company has a well-documented history, having been founded in 1862 and listed on the Nordic Exchange in Stockholm in 1901.
Sector
Industrials
Industry
Specialty Industrial Machinery
Stock Style Box
Large Core
Total Number of Employees
40,882
Website
https://www.sandvik.com

Competitors

Valuation

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Metric
SAND
CAT
ATCO A
Price/Earnings (Normalized)
 18.5817.7731.29
Price/Book Value
 3.1611.249.73
Price/Sales
 2.283.005.39
Price/Cash Flow
 12.8215.1026.55
Price/Earnings
SAND
CAT
ATCO A

Financial Strength

Metric
SAND
CAT
ATCO A
Quick Ratio
 0.840.691.02
Current Ratio
 1.581.281.51
Interest Coverage
 6.3025.7485.23
Quick Ratio
SAND
CAT
ATCO A

Profitability

Metric
SAND
CAT
ATCO A
Return on Assets (Normalized)
 8.37%13.12%15.15%
Return on Equity (Normalized)
 17.00%60.21%30.99%
Return on Invested Capital (Normalized)
 12.08%19.89%22.77%
Return on Assets
SAND
CAT
ATCO A

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